(EN) Why you should compound on Autofarm

This post was originally published on Autofarm

Excerpt: At Autofarm, we do the hard work so you don’t have to

Autofarm is the first cross-chain yield aggregator that operates on Binance Smart Chain (BSC) and Huobi ECO Chain (HECO). Autofarm enables users to get the best return on their assets from yield farming pools by simply staking in Autofarm vaults.

With over 87 vaults across some of the biggest yield farming protocols such as Venus, Pancakeswap, Goose Finance, bDollar Protocol and mdex, Autofarm is currently hyper-optimising over $1.23b worth of user deposits. (2nd across all yield optimizers on DeFi (Decentralized Finance))

Yield TVL Rankings (Source: DefiLlama)

Do less, earn more

Let your assets work harder for you. Known as dynamic harvesting, Autofarm compounds staked assets in our vaults automatically by using algorithmically profitable strategies at optimal compounding intervals. This custom optimizing function was built in-house to enable only the best yields for Autofarm users.

Compounding CAKE & CAKE LP with Autofarm

Compounding events on Autofarm occur on a daily basis, reaching a frequency of up to 170x a day for certain vaults. This automated process makes it possible for users to reap greater yields with a fraction of the effort required as there is no need for manual harvesting on any individual farming pools.

Together, Autofarm’s compounding strategies maximise APYs across multiple different yield farming protocols to achieve the most efficient capital returns. Users can just sit back, relax, and leave the hard work to us.


Lowest fees

As farmers ourselves, we understand the pain of giving up our profits for pesky fees. That’s why when we built Autofarm, we were committed to having the lowest fees on the market. At 2.2%, Autofarm users enjoy some of the cheapest fees for a yield optimiser in the entire BSC ecosystem.

Fees on Autofarm consist of one-off deposit fees that make up less than 0.1% of users’ initial capital, while withdrawal fees are 0%. All stated APYs on the Autofarm platform have already taken fees into consideration, so there are no hidden costs involved. What you see is what you get.

Low fees on Autofarm are possible in part due to the socialisation of gas costs during compounding events by pooling together user deposits. This enables maximum efficiency and lowers costs incurred on gas.

Earn $AUTO

By yield farming in Autofarm vaults, users can also earn Autofarm’s native token, $AUTO, on top of what they already earn from yield farming. Vaults on Autofarm each have a unique AUTO multiplier that determines the amount of $AUTO distributed accordingly.

$AUTO is supported by robust tokenomics that caps the maximum supply at 80,000 $AUTO. A buyback and burn mechanism from vault profits (1.5%) is adopted to gradually reduce the $AUTO supply which in turn drives up the value of $AUTO, benefitting all token holders.

The roadmap for $AUTO includes receiving fees from cross-chain vaults and DEX aggregator and a governance system.

Steadfast vision

The team at Autofarm is dedicated to the growth of Autofarm brand and ecosystem. This means continuously innovating, creating better products, and improving the overall user experience. It is our goal to be a chain-agnostic yield optimizer so users can reap the full benefits of compounding with Autofarm, across the entire DeFi (Decentralised Finance) space.

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(EN) Why you should compound on Autofarm was originally published in autofarm.network on Medium, where people are continuing the conversation by highlighting and responding to this story.

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